CBD seeks shareholders’ approval to sell bonds under EMTN programme
Commercial Bank of Dubai (CBD)’s Board of directors will seek shareholders’ approval at the bank’s AGM scheduled today to renew USD3bn EMTN programme, the Dubai-based lender says in statement to stock exchange. The bond issuance will be subject to regulatory approval.
Commercial Bank Dubai (DU): AED4.00 as of 19 Mar. 2018, Rating: Sell, TP: AED3.90/share, MCap: USD3,055mn, CBD UH/CBD.DU
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